Officials with Hyatt could not immediately be reached to discuss the lease agreement.

Qdoba Mexican Grill, a restaurant chain similar to Chipotle, operates a location across the street from where the Chipotle is planned.

“Our restaurants do well in a number of very competitive markets and individual locations, regardless of who those competitors might be,” Arnold said in his e-mail.

Through Sept. 30, Chipotle (NYSE: CMG) had opened 123 restaurants this year, bringing the total restaurant count to 1,350, according to its third-quarter earnings report.

Chipotle expects to open 165 to 180 new restaurants next year.

Arnold said the company doesn’t talk about plans for specific locations planned for markets until the company has signed a lease agreement, and currently Chipotle does not have any other lease agreements signed in Louisville.